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Engineering and Public Policy
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2019 IRLE Workshop Blog
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Tuesday, June 30, 2020
COVID-19 and Looking Ahead
The ongoing novel coronavirus pandemic has caused significant disruptions to the electric utility sector, from short-term decreases in load and shifts from commercial and industrial to residential load to cost uncertainties and uncertain load forecasting. Many of these trends and uncertainties are directly tied to the impacts of COVID-19 on our day-to-day lives.
Wednesday, November 06, 2019
2019 Workshop Summary
We covered a lot of material over only a few days in the IRLE Workshop, from the history of regulation in the railroad industry in the 19th century to the Internet of Things (IoT) and the effects of digitization in the modern distribution system. From a double auction icebreaker to simulating an electric power market; neoclassical economics to public choice theory; and the hush-a-phone to the rollout of 5G. In short, there is waytoo much material to cover it all in a (relatively) short blog post; instead I will try to highlight a few of my key takeaways from the presentations and especially the discussions throughout the weekend.
Tuesday, October 08, 2019
Transaction Costs, the Knowledge Problem, and the Digitalization of the Distribution Grid
The electricity distribution grid is becoming increasingly digital. According to the International Energy Agency’s report on digitalization in energy, utilities were leaders in the 1970s in introducing digital monitoring, and now digital technologies have spread throughout the distribution grid and around its edge, in the form of intelligent home energy management systems, microgrids, and increasingly autonomous vehicles. Digitalization is creating a more decentralized grid architecture.
Monday, September 30, 2019
Schumpeter’s Theory of Creative Destruction
Welcome to the IRLE blog! Here we’ll highlight some topics related to the readings before the Workshop in Aspen just a few weeks away. Today I will be the trumpeter for Schumpeter – talking about Schumpeter’s theory of creative destruction (See: Schumpeter – Capitalism, Socialism, and Democracy Chapters 7-8; “McCraw on Schumpeter, Innovation, and Creative Destruction,” EconTalk podcast).
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